The rent prices in real estate in Chepachet, in the Rhode Island region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Chepachet has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (December, January) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.25 to $1 during February, and March.
When referring to the price in Chepachet (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,197. In November This price remains at $2,130. During the following two months (December, January) the price has had an average rise from $2,163.5 to $2,311. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,237.25 and $2,233 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,155 they are 15 % more affordable than the average price for Chepachet . The properties with the highest average price have 2 bedrooms, Their price is 5 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,826.
According to average price per property type in Chepachet, "" priced at $2,263 is 5 % more expensive than the average price ($2,155) in this city.